SHE:300003 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	3,639	4,430	3,718	4,221	5,467	3,798
Trading Asset Securities	350.77	203.31	274.86	275.2	277.21	-
Cash & Short-Term Investments	3,990	4,633	3,993	4,496	5,744	3,798
Cash Growth	-2.42%	16.03%	-11.19%	-21.73%	51.27%	54.71%
Accounts Receivable	2,532	2,255	1,807	1,921	2,141	1,797
Other Receivables	116.64	108.87	116.69	113.75	129.49	194.55
Receivables	2,649	2,364	1,924	2,035	2,271	2,006
Inventory	1,944	2,022	2,030	2,289	2,267	1,939
Prepaid Expenses	-	213.2	228.99	1.03	1.09	116.42
Other Current Assets	649.84	763.89	260.57	504.14	466	288.38
Total Current Assets	9,233	9,996	8,436	9,325	10,749	8,147
Property, Plant & Equipment	4,117	4,255	4,863	4,937	4,340	3,530
Long-Term Investments	2,579	2,473	2,303	2,571	2,557	2,675
Goodwill	3,620	3,620	3,620	3,504	3,331	3,273
Other Intangible Assets	2,041	2,072	2,019	1,818	1,370	1,399
Long-Term Accounts Receivable	-	-	0.19	2.97	8.26	11.13
Long-Term Deferred Tax Assets	363.73	329.01	314.87	167.32	132.39	137.55
Long-Term Deferred Charges	1,338	1,294	1,312	1,119	1,221	909.27
Other Long-Term Assets	2,296	2,100	1,706	1,579	776.38	615.97
Total Assets	25,587	26,139	24,573	25,022	24,485	20,699
Accounts Payable	789.38	755.04	797.15	1,585	1,520	1,363
Accrued Expenses	46.3	171.01	143.09	190.36	391.24	286.23
Short-Term Debt	794.88	514.49	301.66	1,040	380.77	583.92
Current Portion of Long-Term Debt	1,428	2,703	1,540	447	1,498	184.25
Current Portion of Leases	-	36.11	51.9	51.04	62.17	65.49
Current Income Taxes Payable	170.84	61.59	73.1	109.51	142.91	119.29
Current Unearned Revenue	194.22	223.1	242.04	269.52	731.12	353.96
Other Current Liabilities	457.92	499.81	463.81	66.53	597	376.02
Total Current Liabilities	3,881	4,964	3,613	3,759	5,323	3,332
Long-Term Debt	3,209	2,913	3,624	3,103	2,238	3,883
Long-Term Leases	218.96	221.4	251.91	269.97	162.73	125.11
Long-Term Unearned Revenue	94.41	98.07	137.91	195.22	183.75	140.03
Long-Term Deferred Tax Liabilities	208.05	182.35	205.79	197.93	205.22	264.77
Other Long-Term Liabilities	-	-	-	-	-	679.99
Total Liabilities	7,611	8,379	7,833	7,525	8,113	8,425
Common Stock	1,843	1,843	1,881	1,881	1,881	1,805
Additional Paid-In Capital	3,325	3,108	3,534	2,776	2,751	983.71
Retained Earnings	11,051	10,784	10,222	10,928	10,255	8,706
Treasury Stock	-	-	-608.49	-431.06	-355.82	-364.19
Comprehensive Income & Other	219.69	380.23	173.4	822.04	615.68	343.67
Total Common Equity	16,440	16,115	15,201	15,976	15,147	11,474
Minority Interest	1,536	1,645	1,539	1,521	1,225	799.68
Shareholders' Equity	17,976	17,760	16,740	17,498	16,372	12,274
Total Liabilities & Equity	25,587	26,139	24,573	25,022	24,485	20,699
Total Debt	5,650	6,388	5,770	4,911	4,342	4,842
Net Cash (Debt)	-1,660	-1,755	-1,777	-414.79	1,403	-1,044
Net Cash Per Share	-0.90	-0.95	-0.96	-0.22	0.77	-0.58
Filing Date Shares Outstanding	1,843	1,843	1,843	1,858	1,862	1,787
Total Common Shares Outstanding	1,843	1,843	1,843	1,858	1,862	1,787
Working Capital	5,352	5,032	4,824	5,567	5,426	4,815
Book Value Per Share	8.92	8.74	8.25	8.60	8.13	6.42
Tangible Book Value	10,779	10,423	9,563	10,654	10,447	6,802
Tangible Book Value Per Share	5.85	5.65	5.19	5.74	5.61	3.81
Buildings	-	2,778	3,334	2,008	1,793	1,591
Machinery	-	2,958	2,880	2,771	2,522	2,013
Construction In Progress	-	740.14	533.1	1,797	1,514	1,158

Source: S&P Global Market Intelligence. Standard template. Financial Sources.